Rent vs Buy in Connecticut
Compare 5 cities across Connecticut. Find out whether renting or buying makes more financial sense in your area.
5cities analyzed
Avg Home:$486,358
Avg Rent:$2,252/mo
Avg Price/Rent:17.7
Connecticut Housing Market Summary
5
Cities Analyzed
0
Favor Buying
5
Favor Renting
0
Toss-Up
Across Connecticut's 5 analyzed cities, the majority (5 cities) favor renting over buying. High home prices relative to rents make renting more financially attractive in much of Connecticut.
The average home price in Connecticut is $486,358, with average rents at $2,252/month. This gives an average price-to-rent ratio of 17.7.
$Most Affordable Cities
$$Most Expensive Cities
All Connecticut Cities
Sorted by population. Click any city for detailed analysis.
| City | Median Price | Median Rent | Price/Rent | Break-even | Verdict |
|---|---|---|---|---|---|
| Bridgeport | $646,946.29 | $2,775.02 | 19.4 | N/A | Rent |
| New Haven | $386,136.9 | $1,938.22 | 16.6 | N/A | Rent |
| Stamford | $646,946.29 | $2,775.02 | 19.4 | N/A | Rent |
| Hartford | $365,621.67 | $1,832.11 | 16.6 | N/A | Rent |
| Waterbury | $386,136.9 | $1,938.22 | 16.6 | N/A | Rent |
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These are general analyses based on median values. Use our comprehensive Buy vs Rent calculator to input your specific income, savings, and financial goals.
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